The Republic of Belarus is keen on furthering the socio-economic ties with India. The volume of trade between India and Belarus reached over USD 600 million in 2009 while this figure can be considerably increased in future on the basis of cooperation between various companies of the two nations.

Good perspectives for expanding its presence in India has "BelAZ" OJSC Belarusian Autoworks, which is world-wide famous for manufacturing a wide range of mining dumpers, i.e. from 45 ton capacity to heavy duty dumpers of 190, 240 and 320 ton payload capacity. "BelAZ" has 30% of world market share of dumpers used in the area of mining, which are exploited in more than 30 countries worldwide.

"BelAZ" along with "Belshina" - manufacturer of tyres used in these dumpers, are one of the leading state-owned industrial corporations and flagship companies of the Republic of Belarus.

Keeping in view the rapid growth of India in the mining sector, whereby demand for mining equipments is expected to rise substantially, "BelAZ" has planned to launch its new range of heavy duty dumpers in India.

With this view, a Joint Venture Company in India is under formation between "BelAZ" and "Enrika Trades and Services Pvt. Ltd." Indian company for the creation of Service and Maintenance Center of "BelAZ" equipment. The Centre shall be fully equipped to provide a thorough and regular after sales and back up support for the end users of "BelAZ" dumpers in India, whereby a range of critical spares shall also be available at any given time. The Service Centre shall be planned on similar lines as the one established by "BelAZ" in China, the inauguration of which shall be done in early October this year in Beijing.

Major Belarusian companies like "Belaruskali" and "Amkodor" and "BHEL" and "BEML" from India are also working to expand their activities in crucial industrial sectors in both the countries.

In October '2010, a governmental delegation from the Republic of Belarus will be on a visit to India. The aim of the visit is to enhance economic cooperation between the two countries which has been discussed by the President of the Republic of Belarus, H.E. Mr. Alexander Lukashenko and the Minister of External Affairs of India, H.E. Mr. S.M. Krishna as well as during the meeting of the Head of the Belarusian Foreign Office, H.E. Mr. S.Martynov with the Indian Foreign Minister during the official visit of Honorable S.M. Krishna to the Republic of Belarus in September 2009.